Gold just broke above $5,100 — and almost no one is talking about it.
While politicians argue over tariffs, the real story is accelerating stagflation. GDP growth collapsed from 4.4% to 1.4%. Core PCE inflation is rising again. The Fed is openly debating rate cuts while inflation runs 50% above target.
This is not a soft landing.
Deficits are exploding. Tariff revenue is disappearing. The national debt is surging. The bond market is weakening. And the Federal Reserve is trapped between a weakening economy and rising inflation.
That trap has only one historical resolution: monetary expansion.
Gold is moving because the market understands what policymakers won’t admit. The dollar’s purchasing power is deteriorating. Sovereign debt risk is rising. Global capital is repositioning.
This is not about daily volatility. It’s about systemic imbalance.
When growth weakens and inflation accelerates at the same time, the outcome isn’t recovery — it’s currency stress.
Gold is signaling the next phase.